Axxcess Wealth Management LLC Raises Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Axxcess Wealth Management LLC boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 93.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,764 shares of the basic materials company’s stock after purchasing an additional 1,336 shares during the period. Axxcess Wealth Management LLC’s holdings in Air Products and Chemicals were worth $713,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Virtu Financial LLC bought a new position in Air Products and Chemicals during the second quarter valued at $9,685,000. Stock Yards Bank & Trust Co. lifted its position in shares of Air Products and Chemicals by 2.5% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 9,801 shares of the basic materials company’s stock valued at $2,529,000 after buying an additional 240 shares during the last quarter. Conscious Wealth Investments LLC grew its stake in shares of Air Products and Chemicals by 0.5% during the 2nd quarter. Conscious Wealth Investments LLC now owns 10,671 shares of the basic materials company’s stock worth $2,731,000 after acquiring an additional 50 shares during the period. Dimensional Fund Advisors LP increased its holdings in Air Products and Chemicals by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,181,985 shares of the basic materials company’s stock worth $305,094,000 after acquiring an additional 84,176 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Air Products and Chemicals by 127.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after acquiring an additional 1,564,169 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

APD has been the topic of a number of analyst reports. StockNews.com cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Bank of America raised their target price on Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. BMO Capital Markets upped their price target on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. UBS Group raised their price objective on shares of Air Products and Chemicals from $276.00 to $281.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, Barclays upped their target price on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Hold” and an average price target of $297.40.

Air Products and Chemicals Trading Up 0.1 %

NYSE APD opened at $287.72 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The stock’s 50-day simple moving average is $273.70 and its two-hundred day simple moving average is $259.19. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $301.03. The company has a market capitalization of $63.96 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 3.70 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. Research analysts forecast that Air Products and Chemicals, Inc. will post 12.32 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be paid a $1.77 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.46%. Air Products and Chemicals’s dividend payout ratio (DPR) is 63.90%.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.